Yea I buy the fat marker, the stakes and the plastic signs and they do everything.

Though they only require 3.5% down, they will hit you with a very high mortgage insurance payment that remains attached to the loan permanently, regardless of your equity.

Once you feel you have a legit end buyer, you schedule to close on the property with a 2nd closing right behind it, where the end Buyer is taking title for a permanent basis.  

I have had a hard time getting permanent financing on house in the $15K-$40K range in my area.

You actually remind me a lot of me :mrgreen: a couple of fat white guys who listen to gangsta rap LOL!!!

There are books on this strategy and would recommend reading up on it...The more assets you have the bigger target you will be, so if this is your first rental an LLC may not be fully essential, but I would recommend one to get familiar with how they work and how to protect yourself using one as your wealth grows.Every property has their own reasons why they might need to be in an LLC, whether it's someone tripping and falling on your front steps because a nail wasn't hammered in completely, and are now permanently disabled for the rest of their lives - to finding out the property you bought used to be a toxic dumping site and the State notifies you that you need to spend millions to remediate it.  

I would drop the rent with the concession down to $625 but if they pay late I would make the increase to $675 permanent not just for the month they pay late.

I love the idea of owning an RV park with most (if not all) spaces dedicated to semi-permanent type tiny houses, shipping container homes, airstreams, etc.

@Gabriel Miller Snohomish County has very stringent rules on this and they will likely require you to attach the garage to the existing structure in a permanent manner with something like a shared laundry room. 

If you permanently take units off line then the value will be lower.